Ice Protection Systems Market

Ice Protection Systems Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Ice Protection Systems Market by region.

Ice Protection Systems Market is valued approximately at USD 8.74 billion in 2019 and is anticipated to grow with a growth rate of more than 5.45% over the forecast period 2020-2027.

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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Ice Protection Systems Market.

Ice protection systems are intended to keep atmospheric ice from accumulating on aircraft surfaces (particularly leading edges), such as, propellers, engine intakes, rotor blades wings and environmental control intakes. If ice is permitted to gather up to a significant thickness it can change the shape of airfoils and flight control surfaces, degrading the performance, control or handling characteristics of the aircraft. An ice protection system either averts formation of ice, or aids the aircraft to shed the ice before it can grow to a hazardous thickness. The market growth is primarily driven by technological enhancements and surging number of aircrafts across the world.

As with the increasing number of aircrafts being manufactured the demand for Ice protection systems for each aircraft would increase propelling the market towards growth. As in 2018, Fly Emirates committed USD 16 billion to a fleet of new Airbus A380s followed by an order of 40 new A330neo and 30 new A350-900 aircraft worth USD 21.4 billion in early 2019. Also, in Saudi Arabia the Flyadeal, a subsidiary of Saudia added 3 new aircraft to its fleet in 2018 and the airlines also committed to 30 Boeing 737 Max 8 worth USD 5.9 billion.

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Moreover, rising need to operate rising air traffic due to bad climate conditions, growing need for passenger comfort, rising number of new airports along with the expansion of existing airports are further likely to fuel the growth of the market. As the Mexico City New International Airport (NAICM) is being built in the city of Mexico to replace the existing Benito Juarez International Airport. The Plan was announced in September 2014 with an allocation of USD 9.2 billion for the construction by the then President of Mexico. However, high investment and maintenance requirements associated with ice protection systems impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Ice Protection Systems market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high prevalence of air travel in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income and rising adoption of air travel would create lucrative growth prospects for the Ice Protection Systems market across Asia-Pacific region.

Major market player included in this report are:
The DOW Chemical Company
Meggit PLC.
JBT Corporation
Clariant
B/E Aerospace, Inc.
United Technologies Corporation
Curtiss Wright
Zodiac Aerospace
Honeywell International Inc.
Cav Ice Protection, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Type:
Anti-Icing System
Deicing Systems

By Application:
Engine Inlets
Nacelle
Wings
Tail
Propellers
Windshields
Sensors
Air Data Probe

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By Technology:
Electrical
Chemical
Others

By Platform:
Commercial Jets
Military Jets
Helicopters

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027

Target Audience of the Global Ice Protection Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Table of content:

Market Snapshot
Key Trends
Estimation Methodology
Research Assumption
Objective of the Study
Market Definition & Scope
Market Drivers
Market Opportunities
Porter's 5 Force Model
PEST Analysis
Risk Assessment: COVID-19 Impact
Competitive Intelligence
Research Process
What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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This release was published on openPR.